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Phantom fears surround China’s Nexen deal

The Globe and Mail -- At first blush, CNOOC Ltd.’s $15.1-billion bid for Nexen Inc. seemed like a sign that China is ready to go on a buying spree in Canada’s oil patch.

But on a closer look that seems far from certain. If Beijing thinks Nexen will open the door to a rash of big North American energy acquisitions by its state-controlled enterprises, it may want to think again.
For starters, Canada could still block the Nexen deal – China’s biggest ever foreign takeover bid. The proposed deal needs to be approved by quasi-independent competition authorities and the government itself, which must decide whether it provides a “net benefit” to Canada.

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Submitted Jul 28, 2012 By: momsno1_taxi

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TIGERPAW46 Champion Author Florida Posts:7,131 Points:1,356,655 Joined:Mar 2004	Message Posted: Jul 29, 2012 12:15:08 AM Ignore TIGERPAW46 Report Abuse Phantom it's not. China would love to take over the USA & Canada for both our resources. Which they are well on their way to doing exactly that. With their population they could deplete both nations before you knew it.
TFowler513 Champion Author Memphis Posts:3,824 Points:1,414,860 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:56:57 PM Ignore TFowler513 Report Abuse It's global domination their after!!!
10k Champion Author North Carolina Posts:21,262 Points:2,254,995 Joined:May 2006	Message Posted: Jul 28, 2012 11:45:57 PM Ignore 10k Report Abuse we should be worrying more about how much of the united states china already owns..
CheeseMan Champion Author Raleigh Posts:10,740 Points:1,775,000 Joined:Mar 2005	Message Posted: Jul 28, 2012 11:38:34 PM Ignore CheeseMan Report Abuse Hey Canada... Don't do it!
ratones1 Champion Author Los Angeles Posts:2,912 Points:732,730 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:38:32 PM Ignore ratones1 Report Abuse k...
Dailyrun Champion Author Kentucky Posts:1,987 Points:389,815 Joined:Apr 2012	Message Posted: Jul 28, 2012 11:37:31 PM Ignore Dailyrun Report Abuse They seem ready to buy anything that is on sale.
bowler360 Champion Author Illinois Posts:1,980 Points:500,750 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:37:19 PM Ignore bowler360 Report Abuse not!
ican2step Champion Author Pittsburgh Posts:1,686 Points:428,375 Joined:Feb 2012	Message Posted: Jul 28, 2012 11:34:34 PM Ignore ican2step Report Abuse China scares me.
boatfloyd Champion Author Jacksonville Posts:1,723 Points:388,950 Joined:Mar 2012	Message Posted: Jul 28, 2012 11:33:57 PM Ignore boatfloyd Report Abuse China has the money.
cwashi3324 Champion Author Cincinnati Posts:2,807 Points:574,265 Joined:May 2009	Message Posted: Jul 28, 2012 11:32:22 PM Ignore cwashi3324 Report Abuse ok
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Jul 28, 2012 11:29:53 PM Ignore regout Report Abuse Keep that for us, Canadien.
kgbellman Champion Author Ann Arbor Posts:2,718 Points:732,815 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:29:21 PM Ignore kgbellman Report Abuse I've given up trying to speculate on what and how
jferrara41 All-Star Author Pennsylvania Posts:598 Points:110,665 Joined:Apr 2012	Message Posted: Jul 28, 2012 11:28:28 PM Ignore jferrara41 Report Abuse ok
GigHarborHound Champion Author Tacoma Posts:2,537 Points:488,490 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:27:29 PM Ignore GigHarborHound Report Abuse Yep!
12766 Champion Author New York Posts:2,448 Points:1,484,390 Joined:Oct 2008	Message Posted: Jul 28, 2012 11:26:39 PM Ignore 12766 Report Abuse OK
VetteFan Champion Author Indiana Posts:9,744 Points:2,029,455 Joined:Aug 2005	Message Posted: Jul 28, 2012 11:25:55 PM Ignore VetteFan Report Abuse Speculators specialize in phantom fears.
TonyPSU Champion Author Cleveland Posts:2,541 Points:695,505 Joined:May 2011	Message Posted: Jul 28, 2012 11:25:54 PM Ignore TonyPSU Report Abuse ok
Mermaan Champion Author Boston Posts:1,572 Points:421,235 Joined:Apr 2011	Message Posted: Jul 28, 2012 11:25:33 PM Ignore Mermaan Report Abuse =\
joel27nc Champion Author Raleigh Posts:10,542 Points:1,859,345 Joined:Mar 2008	Message Posted: Jul 28, 2012 11:25:07 PM Ignore joel27nc Report Abuse GREED!
livedream Champion Author Michigan Posts:3,690 Points:756,035 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:24:11 PM Ignore livedream Report Abuse Using "Phantom fears..." in the article headline is just code for -- "Hey, we want HIGHER PROFITS!! -- Let's publicize fear-mongering b.s. so the speculators will go nuts with 'fearful uncertainty' and BID UP THE PRICES AGAIN!" This is a crap article!
Zonk Champion Author Michigan Posts:6,486 Points:2,103,740 Joined:Oct 2005	Message Posted: Jul 28, 2012 11:23:53 PM Ignore Zonk Report Abuse The China-Canada oil deal is far from being approved.
Matt G Champion Author Boston Posts:4,538 Points:2,774,015 Joined:Jun 2004	Message Posted: Jul 28, 2012 11:21:46 PM Ignore Matt G Report Abuse Ok
CarpenterNJ Champion Author New Jersey Posts:1,242 Points:512,765 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:20:58 PM Ignore CarpenterNJ Report Abuse Not sure this is a wise move for Canada...
bra0712 Champion Author Arizona Posts:3,666 Points:769,415 Joined:Nov 2008	Message Posted: Jul 28, 2012 11:20:57 PM Ignore bra0712 Report Abuse Oh
silverfoxv65 Champion Author Michigan Posts:4,485 Points:1,230,875 Joined:Sep 2009	Message Posted: Jul 28, 2012 11:20:41 PM Ignore silverfoxv65 Report Abuse Every thing is feard when it comes to china! They are out to cut our throats!
Fitwit Champion Author Stockton Posts:6,404 Points:1,356,845 Joined:May 2009	Message Posted: Jul 28, 2012 11:19:59 PM Ignore Fitwit Report Abuse No Comment.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:556,980 Joined:Mar 2006	Message Posted: Jul 28, 2012 11:18:13 PM Ignore Dodge_Me Report Abuse Hmm
chuckwthompson Champion Author Charlotte Posts:3,755 Points:577,960 Joined:Sep 2011	Message Posted: Jul 28, 2012 11:17:07 PM Ignore chuckwthompson Report Abuse It is only about the money, nothing else!
carman11 Champion Author North Carolina Posts:3,342 Points:692,700 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:15:27 PM Ignore carman11 Report Abuse Ok
stratlinetime Champion Author Kalamazoo Posts:2,286 Points:564,810 Joined:Feb 2011	Message Posted: Jul 28, 2012 11:13:59 PM Ignore stratlinetime Report Abuse Ok
gamalerin Champion Author Tampa Posts:4,757 Points:994,485 Joined:Jul 2010	Message Posted: Jul 28, 2012 11:12:40 PM Ignore gamalerin Report Abuse politics game.
1fulltank Champion Author Buffalo Posts:7,908 Points:1,545,285 Joined:Nov 2008	Message Posted: Jul 28, 2012 11:11:57 PM Ignore 1fulltank Report Abuse The selling of Canada continues, just like some of the USA. Sad.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jul 28, 2012 11:11:01 PM Ignore tedjm1 Report Abuse Think it could still happen? Could be a very generous offer.
miser709 Champion Author Grand Rapids Posts:1,268 Points:1,070,800 Joined:Mar 2004	Message Posted: Jul 28, 2012 11:11:00 PM Ignore miser709 Report Abuse Too much blame and politics.
DrLyon Champion Author Michigan Posts:6,650 Points:1,211,830 Joined:May 2006	Message Posted: Jul 28, 2012 11:10:54 PM Ignore DrLyon Report Abuse The world spins on...
Quick68 Champion Author Columbus Posts:8,228 Points:1,226,775 Joined:Dec 2009	Message Posted: Jul 28, 2012 11:10:16 PM Ignore Quick68 Report Abuse If we got this deal we would just sell it to China any way or just give it to them.
goldseeker Champion Author West Virginia Posts:19,550 Points:2,719,790 Joined:Sep 2005	Message Posted: Jul 28, 2012 11:10:05 PM Ignore goldseeker Report Abuse Really?
TheeRedRam Champion Author Hartford Posts:3,168 Points:673,610 Joined:Jun 2011	Message Posted: Jul 28, 2012 11:09:13 PM Ignore TheeRedRam Report Abuse Oh Boy
Glock26 Champion Author Dayton Posts:1,529 Points:633,360 Joined:Mar 2011	Message Posted: Jul 28, 2012 11:08:48 PM Ignore Glock26 Report Abuse Bad idea!!!
greywolves Champion Author Las Vegas Posts:8,676 Points:2,429,200 Joined:Dec 2004	Message Posted: Jul 28, 2012 7:23:29 PM Ignore greywolves Report Abuse if china's government owned cnooc is permitted to buy nexen, then there will be a guaranteed shipper of product for a very expensive trans canadien rockies pipeline to the pacific and probable investor in the same as well. and they are buying it all with the dollars they got from your bought at walmart made in china crap.
shatesme Champion Author Long Island Posts:1,058 Points:182,945 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:36:28 PM Ignore shatesme Report Abuse As long as there is a happy ending.China is know for that. See ick evans I bring cheer.
dacofa Champion Author Nevada Posts:5,375 Points:1,150,610 Joined:Jan 2010	Message Posted: Jul 28, 2012 4:31:40 PM Ignore dacofa Report Abuse How dare they do that. Obamanation never approved that deal.
rick_evans Champion Author Boston Posts:3,729 Points:1,034,685 Joined:Aug 2005	Message Posted: Jul 28, 2012 4:29:28 PM Ignore rick_evans Report Abuse @shatesme Still waiting for your response to the "Phantom fears surround China’s Nexen deal". BTW, this sarcasm earned 0 points.
shatesme Champion Author Long Island Posts:1,058 Points:182,945 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:18:20 PM Ignore shatesme Report Abuse Here is how to find it:Category: Just For Fun > Topics > Topic: 100 FAST FREE POINTS . You can leave as many one word brain dead replies as you want there and still get your point.
shatesme Champion Author Long Island Posts:1,058 Points:182,945 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:15:15 PM Ignore shatesme Report Abuse No my point is there are nothing posts on the site for the one word people trying just to get points only.Do a search
rick_evans Champion Author Boston Posts:3,729 Points:1,034,685 Joined:Aug 2005	Message Posted: Jul 28, 2012 4:10:28 PM Ignore rick_evans Report Abuse @INBwana --"Does anyone from GassBuddy monitor these replies?" Ok, so you ranted but never said anything about the article. At least we one word posters are efficient in our useless point earning responses. [Edited by: rick_evans at 7/28/2012 5:14:17 PM EST]
shatesme Champion Author Long Island Posts:1,058 Points:182,945 Joined:Feb 2012	Message Posted: Jul 28, 2012 4:00:02 PM Ignore shatesme Report Abuse Thank You!!! INBwana I fully agree
BazooQC Champion Author Montreal Posts:9,710 Points:1,636,450 Joined:Oct 2008	Message Posted: Jul 28, 2012 3:54:04 PM Ignore BazooQC Report Abuse Ho ho ho ... changing winds of change.
REKEY Champion Author South Carolina Posts:8,579 Points:1,699,415 Joined:May 2008	Message Posted: Jul 28, 2012 3:51:32 PM Ignore REKEY Report Abuse Canada is selling out just like the US did and is still doing!
JimL1 Champion Author Phoenix Posts:8,217 Points:1,242,270 Joined:Jul 2003	Message Posted: Jul 28, 2012 3:47:44 PM Ignore JimL1 Report Abuse No problem, China simply buys off those who have to approve the deal. Our politicians have all been bought off with campaign contributions, why should Canada be any different?